Profit
China’s Bank of Communications posts slight profit gain, warns of property risks
CHINA’S Bank of Communications (BoCom), said on Wednesday (Mar 27) it needed to improve risk control of its property-sector related business, after posting tepid 2023 profit growth.BoCom, the first...
Second Chance Properties H1 profit falls 52.8% to S$4.3 million
SECOND Chance Properties posted a 52.8 per cent fall in its net profit to S$4.3 million for its first half ended Feb 29, 2024, from S$9.2 million a year...
Ford reaffirms annual core profit outlook
FORD Motor reaffirmed its annual core profit outlook on Tuesday (Mar 26).The Detroit automaker expects an annual core profit of between US$10 billion and US$12 billion.Legacy US automakers, which...
China’s Citic Securities posts 7.5% fall in 2023 profit
CITIC Securities, China’s biggest brokerage, on Tuesday (Mar 26) reported a 7.49 per cent fall in its annual net profit, after shrinking investment returns and market turbulence.Net profit fell...
China EV giant BYD posts slowest quarterly profit growth in 2 years
CHINESE electric vehicle giant BYD reported an 18.6 per cent rise in fourth-quarter profit on Tuesday (Mar 26), its slowest since the first quarter of 2022, as EV sales...
Sinopec 2023 profit falls 13% on oil prices, refining record
SINOPEC’S annual profits declined 13 per cent, after oil prices fell and Chinese refiners posted a record year for processing and imports. China’s largest fuel processor, officially known as...
China’s Didi swings to profit in fourth quarter
DIDI Global, China’s largest ride-hailing company, on Saturday (Mar 23) reported a fourth-quarter profit, indicating that the Chinese ride-hailing leader has gradually recovered from difficulties after prolonged regulatory scrutiny....
PSA International’s FY2023 net profit drops 6.3 per cent to S$1.5 billion on lower revenue
TEMASEK-OWNED port operator PSA International’s 2023 net profit dropped 6.3 per cent from the year before to S$1.5 billion. This came as its revenue for the full year fell...
